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CBDCs Should Protect Privacy, not be a Surveillance Tool: Former CFTC Chair

The United States should lead the development of Central Bank Digital Currencies (CBDCs) away from being “surveillance coins” and towards being "freedom coins,” says the former chair of the Commodity Futures Trading Commission (CFTC). In a Mar. 13 op-ed in The Hill, Christopher Giancarlo, nicknamed "Crypto Dad" for his pro-crypto outlook, said the U.S. "must influence" CBDC development towards protecting "democratic values like freedom of speech and the right to privacy, " leveraging current technology used by some cryptocurrency protocols. (Cointelegraph)

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